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Article: JAPAN'S MIDSIZE MARINE SHIPPING FIRMS RAISE PROFIT OUTLOOKS.(Financial report)

Article from:
AsiaPulse News
Article date:
August 22, 2007
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TOKYO, Aug 22 Asia Pulse - Business is booming for midsize marine transport firms, buoyed by record shipping charges.

Five of the seven midsize shipping firms, including Daiichi Chuo Kisen (TSE:9132), lifted their outlook for half-year pretax profits when they reported group earnings results for the April-June quarter.

Three companies, Shinwa Kaiun Kaisha Ltd. (TSE:9110), Iino Kaiun Kaisha Ltd. (TSE:9119) and Inui Steamship Co. (TSE:9113), boosted their outlook for pretax profit for the entire year as well.

Shinwa Kaiun reported a tripling in pretax profit to 6.2 billion yen (US$54 million) during the April-June period and Inui Steamship ...

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